# Governance Update

## Live Votes

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-123: Remove SNX Inflationary Rewards on ETH shorts | Treasury | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmaMUJma1cMr5KwP5fjt1BvRf3CyBhzduw2jpGdfV4p4Tz) |

Summary:  
This SCCP proposes to decrease the remove SNX inflationary rewards paid on ETH shorts.

Opened: June 10\
Closes: June 13


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-141: SIP 141: Formalise the responsibilities and role of the GrantsDAO | Strategy/Governance Structure | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmVV735xudtbhx3sVc7Ph73ppBP5e8K4KVovq35J9iMpyT) |

Summary:  
This proposal aims to specify the new programs that the gDAO will fund projects under alongside the new frontend, smart contracts and Gnosis Safe multisig that the gDAO will operate on.

Opened: June 09\
Closes: June 12

## Recent Votes


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-133: Add DOGE as Crypto Synth | Product | [View](https://app.boardroom.info/snxgov.eth/proposal/QmQk6Xjt9gkRdPzwc2QPH3mh4zGSqAvgHmns7WRirTE1a2) |

Summary:  
SIP-133 proposes to add sDOGE to Synthetix. Are you in favor of this decision?

Outcome: Approved

Opened: June 05\
Closed: June 08

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-122: Increase Cap on Wrappr to 250k ETH from 175k ETH | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmePaMrEBpZzRLmyDS5nwh4XfqQFaf4kw4U927EL8mJ6oM) |

Summary:  
With the contract currently being near saturation with eth, this sccp proposes to increase the cap to 250k ETH.

Outcome: Reviewing for Feasability

Opened: June 03\
Closed: June 06


 Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmYQrERZUmuQpGuRZwpBZfvSztY7W9cg7iRXFnrh3Cqb4N) |

Summary:  
SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?

Outcome: Approved and Implemented

Opened: June 01\
Closes: June 04

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmRtG4kqaBBsnVKxtDo2R9FgV4as6BtcYHDBthUP3Y3rEf) |

Summary:  
SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?

Outcome: Approved and Implemented

Opened: June 01\
Closes: June 04

## New Proposals (Drafts)

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 145: Debt Cache Event Consistency  | Other/Bug | [View](https://sips.synthetix.io/sips/sip-145) |

Summary:  
Fixes an incorrect debt cache event value.


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 146: Add Synth Supply Caps  | Parameters | [View](https://sips.synthetix.io/sips/sip-146) |

Summary:  
Allow each synth to have its own maximum supply cap, above which no more of that synth may be minted.


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 147: Adding sMATIC  | Product | [View](https://sips.synthetix.io/sips/sip-147) |

Summary:  
Deploy sMATIC for trading on Kwenta with 100 bps fee, using the MATIC chainlink price feed.